Did some testing… Long term buy and hold is indeed highly profitable if you buy at the start of the trend… Even if you buy after the trend has started, you’ll still make a decent profit… However, if u happen to buy when the trend is experiencing a correction (before advancing further), you’ll in for some trouble….
From how I see it, GBP/USD is now consolidating… probably waiting for the 50 MA to catch up… if it does bounce up, I’ll follow it with a portion of my account….
Categories: Forex Trading
Tagged: Forex Trading, GBP/USD, Trend Following
It seems to always come to this point: I’m having difficulties finding new stock options to sell. One reason could be because of the weak trend now and because of my reluctance to be bullish yet. In fact, I don’t think the stock market’s recent rally will last, cause volume is just too weak. Anyway, I’m broadening my strategy. As long as the stock shows a reversal signal, I will analyse it further.
Categories: Options Trading
Tagged: Bearish, Bullish, Candlesticks, Counter Trend, Options Trading, Trend Following
